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20121201
20121231
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KPIX (CBS) 1
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CBS
Dec 26, 2012 5:30pm PST
in u.s. history involving an automobile defect. toyota has agreed to pay $1.1 billion to reimburse owners and install new safety equipment. dozens of drivers have claimed their cars accelerated without warning. more than 14 million cars were recalled in 2009 and 2010, but, as part of the settlement, toyota admits no fault. the forecast for this year's holiday sales were apparently way off. last week, the retail analyst shoppertrak projected sales this year would go up 2.5%, but a new report puts it at 0.7%, the weakest season since 2008. we asked elaine quijano to find out why shoppers were not in a spending mood. >> reporter: the early indications are that shoppers weren't in the holiday shopping spirit this year, and some of the reasons had nothing to do with the economy. dana telsey is a retail analyst. >> whether it was hurricane sandy, the need to spend on the home; whether it was the tragedy in connecticut, and took away the feel-good factor-- it was a confluence of events that led to a "should have been better" holiday season. >> reporter: a big part of the problem was in th
Search Results 0 to 0 of about 1